A&D Company, Limited announced that it has received ¥456.65 million in funding from Denso Corp.
February 27, 2013 at 04:00 am
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A&D Company, Limited (TSE:7745) announced a private placement of 1,122,000 treasury shares at ¥407 per share with new investor, Denso Corp. for gross proceeds of ¥456,654,000 on February 8, 2013. The investor will acquire a 5% stake in the company through this transaction. The company will receive the net proceeds of ¥456,514,000 after deducting various issuance expenses of ¥140,000. The shares will be issued through third party allotment. The disposal date is February 27, 2013. The transaction was approved at the company's board of directors' meeting.
On February 27, 2013, A&D Company, Limited closed the transaction.
A&D Holon Holdings Co Ltd, formerly A&D Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of measuring instrument, medical and healthcare equipment. The Company operates through two segments. The Measuring Instrument segment provides measuring, control and simulation systems, electron guns for semiconductor exposure apparatus, analog to digital (AD) and digital to analog (DA) converters, testing machines, environmental measuring instrument, electronic balances, platform scales, indicators, counting scales and load cells. The Medical and Healthcare Equipment segment offers digital hemopiezometers for home use, blood pressure monitors, full automatic hemopiezometers, precision weighing scales and ultrasonic inhalators.